Member Info for Walkley

Trading is ahead of the prior year period and the Board's expectations, which were previously increased at the time of the full year results in September 2023. With good visibility over the second half, revenue for the full financial year is now expected to be approximately 5 per cent. ahead of current market expectations1, with an equivalent increase in expected profit before tax.

The average month-end cash for the six months ended 31 December 2023 was circa £149m (year to 30 June 2023: £135m) and period-end cash at 31 December 2023 was circa £209m (31 December 2022: £196m).

After significant dividend payments and share buybacks- cash result is very encouraging

This order, combined with expected additional conversion of our existing pipeline in Q4, means that the Company now expects financial performance to be ahead of market expectations for FY24* and further underpins FY25……..

* The current market forecast for the year ending 31 March 2024 is revenue of £18 million and adjusted EBITDA of £5.2 million.

He isn't - but agree that without announcements of significant contracts , which may come soon they will need to raise cash. The director buys are a positive and the improving share price - look forward to seeing if they are justified.

"Transaction Completion is still expected to occur in Q4 2023. Further announcements will be made by the Company on the progress of the Transaction in due course." Is Q4 still on?

Intercede - sorry!!

MyID seems to be very useful to US federal agencies and major suppliers to US government. Hope for more good news as others realise the importance of using MyID to protect data. Good news for Lutterworth based Interceed.

Some interest here at last. Would be a useful bolt on to a number of medium sized software businesses or even a major.

And when the FCA will report?

Good results "The Group's strong balance sheet (with no debt) and good cash generation enables it to invest further both in the existing business and in M&A to accelerate its longer-term growth ambitions"

Unless the real problem is that businesses don't need the super fast data transfer that Cirata offers - or if they do want it are not prepared to pay significant sums for it. Not many companies are using Cirata at the moment -how are they transferring data?

From RNS: Approach to Disclosure of New Contracts

During FY23, Cirata has communicated news of new contracts and renewals to investors which included smaller contracts to disclose the ongoing progress being made in re-engaging with current and prospective customers and the positioning of Cirata for growth and success.

Going forward intra-quarter, the Company will adopt a policy of only announcing material customer wins and renewals.

....or lets see where we are in 6 months.

As I have explained previously - I was mislead by the "contract wins" announced by Wandisco and lost money. I have now sold but clearly am still an interested party. What will the FCA report say? Will any of the directors or executives or salespeople who signed off on the fraudulent RNSs be forced to repay bonuses? Or be otherwise sanctioned? Are any responsible still employed by the company? Is the company taking action against whoever committed the fraud?

But NatWest was a renewal at $106k a year. Ford was $7,680 (seven thousand!), GM was a total of $400k (not told over how many years), Tesco a renewal at $100k pa. Not sure about Jaguar. Cirata needs $40m a year to break even. New contacts are going to have to come through quickly if the cash isn't going to run out.

Why is Stephen Kelly listed as a ChiefFinancial Officer on two latest RNSs? Can you have two CFOs?

But significantly haven't accepted Lithia's or Autonation's offer. Hedin are showing a nice profit.

"The rebranding of the Company does not alter the Company's business operations or financial framework."

Have never posted in TG group. Just not sure how Wandisco is going to make money. Though new signing from Sage was positive.

Could someone tell me what Wandisco does. Turnover has dropped from £17m 5 years ago to £9m. Why does anyone need to pay Wandisco to move data?

Accordingly, the Board of Directors of Pendragon now announces that the Original General Meeting will be opened and adjourned immediately and Shareholders are asked not to attend the Original General Meeting. Instead, a supplementary circular is expected to be sent to Shareholders shortly, containing further details of the Transaction Amendments, the Resolutions, the Board's recommendation and a notice of general meeting in respect of a further General Meeting (the "Further General Meeting") at which Shareholders will be asked to approve the Resolutions (the "Supplementary Circular").